Saturday, November 04, 2006
MIL Announces Financial Results For Q2 Of 2006-2007
New Delhi (India), 02 November: Minda Industries Limited (MIL) announced its unaudited financial results for the quarter ended 30th September 2006.
The sales for Q2 in 2006 were up by a handsome 44.42%, from Rs.5758.08 lakh in Q2 2005-2006 to Rs.8315.85 lakh in Q2 2006-2007. Profit after tax was up to Rs.407.42 lakh in the same quarter as compared to Rs.367.46 lakh in Q2 2005-2006 while earning per share was Rs.3.88 in the quarter ended September 30, 2006, up from Rs.3.5 in Q2, 2005-2006.
"Our performance is in line with our target of 40% top-line growth this year as well which is in keeping with our CAGR of 40 % over the last 3 years', says N.K. Minda, Managing Director, Minda Industries Limited.
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.
(Www.mediabharti.com)
The sales for Q2 in 2006 were up by a handsome 44.42%, from Rs.5758.08 lakh in Q2 2005-2006 to Rs.8315.85 lakh in Q2 2006-2007. Profit after tax was up to Rs.407.42 lakh in the same quarter as compared to Rs.367.46 lakh in Q2 2005-2006 while earning per share was Rs.3.88 in the quarter ended September 30, 2006, up from Rs.3.5 in Q2, 2005-2006.
"Our performance is in line with our target of 40% top-line growth this year as well which is in keeping with our CAGR of 40 % over the last 3 years', says N.K. Minda, Managing Director, Minda Industries Limited.
Minda Industries Limited (MIL) designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles. It also manufactures lamps for automobiles (2/3 & 4 wheelers). The plans are already underway to manufacture Battery at a new facility in Pantnagar.
(Www.mediabharti.com)
# posted by mediabhartiwebsolutions @ 4:37 AM 
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